Redcap&Truss acted as exclusive financial advisor to the Management Team of Pipeworx Ltd. (“Pipeworx”) on their management buy out from Primoris Service Corp. (“Primoris”).
Originally formed in 1997, this transaction brings Pipeworx back to its entrepreneurial roots of being owned by Alberta based entrepreneurs.
Redcap&Truss acted as the exclusive financial advisor to Pipeworx and facilitated a transaction by:
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- Analyzing target’s financial statements, asset list and its service offering (both historical and future) and developing an initial estimate of value
- Structing the transaction terms proposed to Primoris
- Identifying debt capital partners and assisted in negotiated deal terms
- Quarterbacking all due diligence and documentation communications required between Primoris’ deal team and the new ownership group
- Negotiating the final LOI (letter of intent) and PSA (share purchase and sale agreement)
If you are interested in learning more about selling your business, the current market environment or are looking to acquire, please contact us.